South Atlantic Bancshares, Inc. (OTCMKTS:SABK – Get Free Report)’s stock price rose 0.8% during mid-day trading on Thursday. The company traded as high as $25.66 and last traded at $25.61. Approximately 2,318 shares traded hands during mid-day trading, an increase of 234% from the average session volume of 694 shares. The stock had previously closed at $25.40.
South Atlantic Bancshares Price Performance
The company has a 50 day moving average price of $25.08 and a 200 day moving average price of $24.43. The firm has a market cap of $195.66 million, a PE ratio of 10.76 and a beta of 0.15.
South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $16.98 million during the quarter, compared to analysts’ expectations of $16.60 million. On average, equities analysts anticipate that South Atlantic Bancshares, Inc. will post 2.43 earnings per share for the current fiscal year.
South Atlantic Bancshares Company Profile
South Atlantic Bancshares, Inc is the bank holding company for South Atlantic Bank, a community banking institution serving businesses, individuals and organizations in South Carolina. Through its banking subsidiary, the company provides traditional financial services, including checking and savings accounts, certificates of deposit, commercial and consumer lending, residential mortgage loans, and cash-management services.
South Atlantic Bank focuses on relationship-based banking for small and middle-market businesses, professionals, real estate borrowers and individual customers.
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